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Fund For Advancement Of Medical Education And Research

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$712k (2024)

Expenses
$468k (2024)

Total Assets
$4.37M (2024)

Total Liabilities
$330 (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$712,345
Expenses
$468,114
Net Income
$244,231
Net Assets
$4,365,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,820
57.4%
Program Services $219,938
30.9%
Investment Income $73,524
10.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,063
1.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,365,339
Total Liabilities $330
Net Assets $4,365,009
Compensation
Key Employees and Officers Compensation Related Other
Eric Larson Md (Director) $0 $267,492 $26,877
Gary Timmerman Md (Secretary) $0 $422,000 $30,328
Jerome Freeman Md (Director) $0 $193,454 $0
Keith Hansen Md (Vice President) $0 $267,487 $33,528
Michelle Baack Md (Director) $0 $287,663 $28,622
Sheila Gestring Mba (Director) $0 $434,911 $48,265
Susan Anderson Md (Director (Until Feb 2024)) $0 $450,139 $47,600
Tim Ridgway Md (President) $0 $676,328 $41,155
Timothy Soundy Md (Treasurer) $0 $243,193 $32,557
Desirae Muirhead Md (Director) $0 $217,454 $0
Carolyn Gilbertson (Director (Beg Feb 2024)) $0 $0 $0
Ashley Bacoulis (Fin & Admin Serv Spec) $0 $62,040 $17,973

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$596,108
Expenses
$459,349
Net Income
$136,759
Net Assets
$4,021,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $413,770
69.4%
Program Services $117,429
19.7%
Investment Income $61,482
10.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,427
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,021,856
Total Liabilities $168
Net Assets $4,021,688
Compensation
Key Employees and Officers Compensation Related Other
Eric Larson Md (Director) $0 $216,667 $19,971
Gary Timmerman Md (Secretary) $0 $384,195 $28,096
Jerome Freeman Md (Director) $0 $181,976 $0
Keith Hansen Md (Vice President) $0 $249,742 $29,970
Michael Koch Md (Director Until 12/2022) $0 $0 $0
Michelle Baack Md (Director) $0 $258,993 $26,227
Sheila Gestring Mba (Director) $0 $407,810 $43,906
Susan Anderson Md (Director) $0 $402,333 $41,844
Tim Ridgway Md (President) $0 $635,740 $36,712
Timothy Soundy Md (Treasurer) $0 $224,360 $29,540
Desirae Muirhead Md (Director Began 12/2022) $0 $2,409 $0
Ashley Bacoulis (Fin & Admin Serv Spec) $0 $54,213 $14,773

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$534,805
Expenses
$347,993
Net Income
$186,812
Net Assets
$3,783,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $368,667
68.9%
Program Services $110,324
20.6%
Investment Income $20,908
3.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,906
6.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,786,073
Total Liabilities $2,586
Net Assets $3,783,487
Compensation
Key Employees and Officers Compensation Related Other
Eric Larson Md (Director) $0 $0 $0
Gary Timmerman Md (Secretary) $0 $362,124 $36,573
Jerome Freeman Md (Director) $0 $174,049 $0
Joseph Zenel Md (Director Left 09/2021) $0 $184,459 $27,420
Keith Hansen Md (Vice President) $0 $236,847 $30,382
Michael Koch Md (Director) $0 $0 $0
Michelle Baack Md (Director Began 10/2021) $0 $60,620 $6,773
Sheila Gestring Mba (Director) $0 $392,413 $41,726
Susan Anderson Md (Director) $0 $385,351 $41,430
Tim Ridgway Md (President) $0 $608,725 $36,867
Timothy Soundy Md (Treasurer) $0 $211,323 $29,456
Ashley Bacoulis (Fin & Admin Serv Spec Began 04/2022) $0 $0 $0
Michelle Mashlan (Director Of Finance Until 03/2022) $0 $79,528 $18,061

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$325,234
Expenses
$121,259
Net Income
$203,975
Net Assets
$3,846,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,000
0.9%
Program Services $196,883
60.5%
Investment Income $23,821
7.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $101,530
31.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,847,617
Total Liabilities $1,456
Net Assets $3,846,161
Compensation
Key Employees and Officers Compensation Related Other
Tim Ridgway Md (President Began 09/2020) $0 $455,861 $38,726
Mary Nettleman Md (President Left 08/2020) $0 $431,891 $96,893
Keith Hansen Md (Vice President) $0 $232,232 $32,288
Gary Timmerman Md (Secretary) $0 $354,522 $38,726
Timothy Soundy Md (Treasurer) $0 $204,595 $31,946
Susan Anderson Md (Director) $0 $367,278 $43,518
Jerome Freeman Md (Director) $0 $170,413 $0
Sheila Gestring Mba (Director) $0 $388,399 $42,754
Michael Koch Md (Director) $0 $0 $0
Eric Larson Md (Director) $0 $0 $0
Joseph Zenel Md (Director) $0 $156,407 $23,409
Michelle Mashlan (Assist. Director Of Finance) $0 $75,241 $17,575

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$129,515
Expenses
$173,833
Net Income
-$44,318
Net Assets
$3,397,596
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,900
4.6%
Program Services $88,301
68.2%
Investment Income $28,587
22.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,727
5.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,398,945
Total Liabilities $1,349
Net Assets $3,397,596
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $587,099 $39,100
Sheila Gestring Mba (Director) $0 $383,633 $38,302
Susan Anderson Md (Director) $0 $347,233 $40,066
Gary Timmerman Md (Director) $0 $348,341 $35,273
Archana Chatterjee Md (Secretary Left 3/2020) $0 $214,463 $36,699
Keith Hansen Md (Vice President) $0 $228,213 $28,955
Russell Wilke Md (Director) $0 $205,308 $26,161
Timothy Soundy Md (Treasurer) $0 $202,047 $27,278
Jerome Freeman Md (Director) $0 $166,435 $0
Michelle Mashlan (Assist. Director Of Finance) $0 $75,816 $19,874
Michael Koch Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$142,492
Expenses
$235,461
Net Income
-$92,969
Net Assets
$3,421,523
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,207
5.8%
Program Services $91,907
64.5%
Investment Income $30,269
21.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,109
8.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,427,202
Total Liabilities $5,679
Net Assets $3,421,523
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $576,764 $38,749
Keith Hansen Md (Vice President) $0 $223,653 $28,658
Archana Chatterjee Md (Secretary) $0 $211,413 $36,445
Timothy Soundy Md (Treasurer) $0 $198,328 $27,027
Sheila Gestringmba (Director Started 7/18) $0 $276,939 $36,058
Susan Anderson Md (Director) $0 $338,586 $39,469
Jerome Freeman Md (Director) $0 $162,608 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $342,396 $34,923
Russell Wilke Md (Director) $0 $201,126 $25,910
Michelle Mashlan (Assist. Director Of Financ) $0 $71,698 $20,298

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$146,788
Expenses
$198,906
Net Income
-$52,118
Net Assets
$3,485,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,500
13.3%
Program Services $86,772
59.1%
Investment Income $20,167
13.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,349
13.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,488,766
Total Liabilities $3,475
Net Assets $3,485,291
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $573,451 $37,717
Keith Hansen Md (Vice President) $0 $221,727 $27,593
Archana Chatterjee Md (Secretary) $0 $213,835 $32,126
Timothy Soundy Md (Treasurer) $0 $196,622 $26,662
James Abbott (Director) $0 $376,075 $34,758
Susan Anderson Md (Director) $0 $320,868 $37,783
Jerome Freeman Md (Director) $0 $161,922 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $340,485 $33,482
Russell Wilke Md (Director) $0 $200,170 $24,942
Michelle Mashlan (Assist. Director Of Finance) $0 $70,573 $17,999

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$190,493
Expenses
$190,294
Net Income
$199
Net Assets
$3,493,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,150
12.2%
Program Services $109,586
57.5%
Investment Income $23,299
12.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,458
18.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,497,832
Total Liabilities $4,226
Net Assets $3,493,606
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $562,950 $36,422
Keith Hansen Md (Vice President) $0 $218,847 $26,263
Archana Chatterjee Md (Secretary) $0 $213,011 $29,168
Timothy Soundy Md (Treasurer) $0 $194,304 $25,288
James Abbott (Director) $0 $367,856 $35,370
Susan Anderson Md (Director) $0 $298,337 $36,194
Jerome Freeman Md (Director) $0 $159,205 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $335,786 $31,893
Russell Wilke Md (Director) $0 $193,478 $16,257
Michelle Mashlan (Assist. Director Of Financ) $0 $70,789 $14,917

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$942,063
Expenses
$170,264
Net Income
$771,799
Net Assets
$3,418,288
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,700
2.0%
Program Services $902,349
95.8%
Investment Income $28,133
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,119
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,420,314
Total Liabilities $2,026
Net Assets $3,418,288
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $543,458 $37,272
Keith Hansen Md (Vice President) $0 $209,545 $26,223
Archana Chatterjee Md (Secretary) $0 $188,119 $26,302
Timothy Soundy Md (Treasurer) $0 $205,069 $31,376
James Abbott (Director) $0 $354,430 $38,713
Susan Anderson Md (Director) $0 $287,065 $37,289
Jerome Freeman Md (Director) $0 $153,647 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $312,443 $33,120
Russell Wilke Md (Director Began 1/4/16) $0 $0 $0
Luann Eidness (Director Until 12/31/15) $0 $186,513 $24,062
Michelle Mashlan (Assist. Director Of Financ) $0 $68,404 $15,832

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,770
Expenses
$160,486
Net Income
-$72,716
Net Assets
$2,683,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000
2.3%
Program Services $15,960
18.2%
Investment Income $29,057
33.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $40,753
46.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,683,936
Total Liabilities $666
Net Assets $2,683,270
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $523,780 $38,465
Keith Hansen Md (Vice President) $0 $196,616 $26,713
Timothy Soundy Md (Secretary) $0 $183,572 $27,815
Luann Eidsness Md (Treasurer) $0 $185,413 $25,996
James Abbott (Director) $0 $343,564 $40,541
Archana Chatterjee Md (Director) $0 $199,319 $32,915
Jerome Freeman Md (Director) $0 $149,148 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $287,156 $34,709
Susan Anderson Md (Director) $0 $216,407 $33,949
Michelle Mashlan (Assist. Director Of Financ) $0 $65,755 $17,902

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,738
Expenses
$167,943
Net Income
$3,795
Net Assets
$2,814,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,650
7.4%
Program Services $48,949
28.5%
Investment Income $40,675
23.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $69,464
40.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,819,456
Total Liabilities $4,458
Net Assets $2,814,998
Compensation
Key Employees and Officers Compensation Related Other
Mary Nettleman Md (President) $0 $504,730 $36,472
Keith Hansen Md (Vice President) $0 $185,442 $23,992
Timothy Soundy Md (Secretary) $0 $180,292 $26,056
Luann Eidsness Md (Treasurer) $0 $195,959 $25,924
James Abbott (Director) $0 $331,805 $40,139
Archana Chatterjee Md (Director) $0 $94,415 $12,073
Jerome Freeman Md (Director) $0 $146,152 $0
Michael Koch Md (Director) $0 $0 $0
Gary Timmerman Md (Director) $0 $278,204 $32,740
H Bruce Vogt Md (Director) $0 $260,167 $39,788
Michelle Mashlan (Assist. Director Of Financ) $0 $62,445 $15,318

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$252,857
Expenses
$187,515
Net Income
$65,342
Net Assets
$2,754,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,300
0.5%
Program Services $179,515
71.0%
Investment Income $34,898
13.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $37,144
14.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,755,714
Total Liabilities $1,442
Net Assets $2,754,272

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,324
Expenses
$232,517
Net Income
$1,807
Net Assets
$2,635,942
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,400
6.1%
Program Services $150,634
64.3%
Investment Income $34,494
14.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,796
14.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,640,725
Total Liabilities $4,783
Net Assets $2,635,942

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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